Press release
Syndiotactic Polystyrene Market to Witness Robust Expansion by 2023
Syndiotactic Polystyrene (or Syndiotactic Polystyrene, SPS) is a kind of crystal polystyrene engineering plastic which is different from normal polystyrene’s in spatial structure. The structure of the product is regularly alternately spaced and it makes its properties different from normal polystyrene especially the resistance of heat and drug. Syndiotactic Polystyrene provides a good balance and competes well against other materials in a wide variety of applications.
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Global Syndiotactic Polystyrene Market: Forecast by Type / Application / Region
The Global Production Scale of Syndiotactic Polystyrene is small. Idemitsu Kosan and LG Chem are the only two manufacturers of pure Syndiotactic Polystyrene in the world now.
The Syndiotactic Polystyrene is used by adding other materials such as glass fiber to enhance its property. Both Idemitsu and LG Chem supply SPS compound in the world. Idemitsu has SPS compounds plants in Japan, China, the US and Germany and supplies the product with the brand name XAREC. LG Chem has SPS compound plant in South Korea. LG Chem supplies the products with the brand name LUSEP.
Idemitsu is the first company in the world to launch commercial production of the Syndiotactic Polystyrene and now Idemitsu is the world leader of the product in the world.
The entrance barrier of the Syndiotactic Polystyrene industry is the technology hurdle in the production of metallocene catalysts. Idemitsu, Dow Chemical and LG Chem are the few companies who have the technology of the production and application of the metallocene catalysts for the polymerization of Syndiotactic Polystyrene.
Global production of Syndiotactic Polystyrene is 8.92 K MT in 2015. Due to technical limitations, the development in Syndiotactic Polystyrene industry is slowly. In the future, we guess that the production will increase to 9.08 K MT by 2021.
Over the next five years, LPI(LP Information) projects that Syndiotactic Polystyrene will register a 0.2% CAGR in terms of revenue, reach US$ 56 million by 2023, from US$ 55 million in 2017.
Global Syndiotactic Polystyrene Market: Key Players
Styrolution
Sinopec
CNPC
FCFC
Lyondellbasell
Chevron Phillips
Ineos
Dow
Sabic
Cosmer
Shell
Idemitsu
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Related Information:
United States Syndiotactic Polystyrene Market Research Report 2018
Europe Syndiotactic Polystyrene Market Research Report 2018
North America Syndiotactic Polystyrene Market Research Report 2018
Asia-Pacific Syndiotactic Polystyrene Market Research Report 2018
China Syndiotactic Polystyrene Market Research Report 2018
EMEA Syndiotactic Polystyrene Market Research Report 2018
Global Syndiotactic Polystyrene Market Research Report 2018
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